DENIM
ActiveSummary
The annual accounts of DENIM for fiscal year 2024 show a net loss of 83% of the equity at the start of that year. The 2024 annual accounts show equity of €5k and a net result of €-24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 15865 sector peers (fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-32
Solvency25▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.37 against 1.49 in 2023; short-term debt: 67.1% and cash: 0% of total assets), and 99.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.4%
Return on assets
-1.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 15865 sector peers (2024).
NBB · sector comparisonPosition among 15865 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
15 d late
2022
153 d late
2021
3 d early
2020
23 d early
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 83.3%
2023 · €29k
2018: €308k
2019: €335k▲ +9.1% vs 2018highest in 7 years
2020: €-118k▼ -135% vs 2019lowest in 7 years
2021: €-100k▲ +15.4% vs 2020
2022: €-33k▲ +66.4% vs 2021
2023: €29k▲ +186% vs 2022
2024: €5k▼ -83.3% vs 2023
2018 → 2024
Total assets
€1.38M▲ 4.1%
2023 · €1.33M
2018: €3.87Mhighest in 7 years
2019: €1.79M▼ -53.9% vs 2018
2020: €1.27M▼ -29.2% vs 2019
2021: €1.33M▲ +5.1% vs 2020
2022: €1.26M▼ -5.0% vs 2021lowest in 7 years
2023: €1.33M▲ +5.0% vs 2022
2024: €1.38M▲ +4.1% vs 2023
2018 → 2024
Net result
€-24k
2023 · €62k
2018: €-317k
2019: €28k▲ +109% vs 2018
2020: €-453k▼ -1728% vs 2019lowest in 7 years
2021: €18k▲ +104% vs 2020
2022: €66k▲ +264% vs 2021highest in 7 years
2023: €62k▼ -5.7% vs 2022
2024: €-24k▼ -139% vs 2023
2018 → 2024
Working capital
€343k▼ 12.7%
2023 · €394k
2018: €498khighest in 7 years
2019: €460k▼ -7.7% vs 2018
2020: €472k▲ +2.7% vs 2019
2021: €443k▼ -6.2% vs 2020
2022: €363k▼ -17.9% vs 2021
2023: €394k▲ +8.3% vs 2022
2024: €343k▼ -12.7% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-118k-€-100k▲ 15.4%€-33k▲ 66.4%€29k€5k▼ 83.3%
2020: €-118klowest in 5 years
2021: €-100k▲ +15.4% vs 2020
2022: €-33k▲ +66.4% vs 2021
2023: €29k▲ +186% vs 2022highest in 5 years
2024: €5k▼ -83.3% vs 2023
Operating result€-34k-€-32k▲ 4.1%€-3k▲ 90.2%€-24k▼ 663%€-96k▼ 299%
2020: €-34k
2021: €-32k▲ +4.1% vs 2020
2022: €-3k▲ +90.2% vs 2021highest in 5 years
2023: €-24k▼ -663% vs 2022
2024: €-96k▼ -299% vs 2023lowest in 5 years
Net result€-453k-€18k€66k▲ 264%€62k▼ 5.7%€-24k
2020: €-453klowest in 5 years
2021: €18k▲ +104% vs 2020
2022: €66k▲ +264% vs 2021highest in 5 years
2023: €62k▼ -5.7% vs 2022
2024: €-24k▼ -139% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €96k in 2024 against €24k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.38M
Fixed assets
€111k ▼ 11.9%
Current assets
€1.27M ▲ 5.8%
Equity and liabilities €1.38M
Equity
€5k ▼ 83.3%
Debt
€1.38M ▲ 6.1%
Debt's share of the balance-sheet total rises from 97.8% to 99.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-81k▼
2023 · €-9k
Cash flow
€-9k▼
2023 · €78k
Current ratio
1.37▼
2023 · 1.49
ROE
-497.1%▼
2023 · 215.9%
ROA
-1.7%▼
2023 · 4.7%
Interest coverage
-30.58▼
2023 · 0.34
Debt ≤ 1 year
€927k▲
2023 · €807k
A ratio outside any meaningful range has been withheld (balance sheet total €1.38M, equity €5k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.33M€1.38M▲
Fixed assets21/28€126k€111k▼
Tangible fixed assets22/27€125k€111k▼
Land and buildings22€101k€95k▼
Plant, machinery and equipment23€194-
Furniture and vehicles24€25k€15k▼
Financial fixed assets28€280€280=
Current assets29/58€1.20M€1.27M▲
Amounts receivable within one year40/41€1.18M€1.27M▲
Other amounts receivable41€1.18M€1.27M▲
Cash at bank and in hand54/58€25k€40▼
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.38M▲
Equity10/15€29k€5k▼
Contributions10/11€19k€19k=
Reserves13€694k€694k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€692k€692k=
Profit (loss) carried forward14€-684k€-708k▼
Amounts payable17/49€1.30M€1.38M▲
Amounts payable within one year42/48€807k€927k▲
Current portion of amounts payable after more than one year42€60k-
Trade debts44€743k€923k▲
Suppliers440/4€743k€886k▲
Bills of exchange payable441-€37k
Other amounts payable47/48€4k€4k=
Accrued charges and deferred income492/3€490k€449k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€5k€71k▲
Gross operating margin9900€-3k€-10k▼
Operating profit (loss)9901€-24k€-96k▼
Financial income75/76B€61k€75k▲
Recurring financial income75€61k€75k▲
Financial charges65/66B€-26k€3k▲
Recurring financial charges65€-26k€3k▲
Profit (loss) for the period before taxes9903€62k€-24k▼
Profit (loss) for the period9904€62k€-24k▼
Profit (loss) for the period to be appropriated9905€62k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-684k€-708k▼
Profit (loss) brought forward from the previous period14P€-746k€-684k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €960 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €15k | €15k | €15k | ▼ 3.1% |
| Other operating charges640/8 | - | €4k | €5k | €5k | €71k | ▲ 1,239% |
| Gross operating margin9900 | €-21k | €-19k | €16k | €-3k | €-10k | ▼ 192% |
| Operating profit (loss)9901 | €-34k | €-32k | €-3k | €-24k | €-96k | ▼ 299% |
| Financial income75/76B | - | €63k | €76k | €61k | €75k | ▲ 22.4% |
| Recurring financial income75 | €103k | €63k | €76k | €61k | €75k | ▲ 22.4% |
| Financial charges65/66B | - | €12k | €6k | €-26k | €3k | ▲ 110% |
| Recurring financial charges65 | €522k | €12k | €6k | €-26k | €3k | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €-453k | €18k | €66k | €62k | €-24k | ▼ 139% |
| Income taxes67/77 | €3 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-453k | €18k | €66k | €62k | €-24k | ▼ 139% |
| Profit (loss) for the period to be appropriated9905 | €-453k | €18k | €66k | €62k | €-24k | ▼ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.27M | €1.33M | €1.26M | €1.33M | €1.38M | ▲ 4.1% |
| Fixed assets21/28 | €129k | €120k | €141k | €126k | €111k | ▼ 11.9% |
| Tangible fixed assets22/27 | €129k | €120k | €141k | €125k | €111k | ▼ 11.9% |
| Land and buildings22 | - | €112k | €106k | €101k | €95k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €762 | €478 | €194 | - | - |
| Furniture and vehicles24 | - | €7k | €34k | €25k | €15k | ▼ 37.3% |
| Financial fixed assets28 | €280 | €280 | €280 | €280 | €280 | = |
| Current assets29/58 | €1.14M | €1.21M | €1.12M | €1.20M | €1.27M | ▲ 5.8% |
| Amounts receivable within one year40/41 | €1.10M | €1.21M | €1.12M | €1.18M | €1.27M | ▲ 8.1% |
| Trade receivables40 | - | €164k | - | - | - | - |
| Other amounts receivable41 | - | €1.04M | €1.12M | €1.18M | €1.27M | ▲ 8.1% |
| Cash at bank and in hand54/58 | €24k | €4k | €588 | €25k | €40 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | €491 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.27M | €1.33M | €1.26M | €1.33M | €1.38M | ▲ 4.1% |
| Equity10/15 | €-118k | €-100k | €-33k | €29k | €5k | ▼ 83.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €694k | €694k | €694k | €694k | €694k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €692k | €692k | €692k | €692k | = |
| Profit (loss) carried forward14 | €-830k | €-812k | €-746k | €-684k | €-708k | ▼ 3.5% |
| Amounts payable17/49 | €1.38M | €1.43M | €1.30M | €1.30M | €1.38M | ▲ 6.1% |
| Amounts payable after more than one year17 | €161k | €121k | €40k | - | - | - |
| Financial debts170/4 | - | €121k | €40k | - | - | - |
| Amounts payable within one year42/48 | €664k | €767k | €759k | €807k | €927k | ▲ 14.9% |
| Current portion of amounts payable after more than one year42 | - | €80k | €80k | €60k | - | - |
| Trade debts44 | €517k | €684k | €673k | €743k | €923k | ▲ 24.3% |
| Suppliers440/4 | - | €684k | €673k | €743k | €886k | ▲ 19.2% |
| Bills of exchange payable441 | - | - | - | - | €37k | - |
| Taxes, remuneration and social security45 | - | €2k | €2k | - | - | - |
| Taxes450/3 | - | €2k | €2k | - | - | - |
| Other amounts payable47/48 | - | €705 | €4k | €4k | €4k | = |
| Accrued charges and deferred income492/3 | - | €542k | €498k | €490k | €449k | ▼ 8.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-453k | €18k | €66k | €62k | €-24k | ▼ 139% |
| + Depreciation and write-downs630 | €9k | €9k | €15k | €15k | €15k | ▼ 3.1% |
| Operating cash flow (approximation) | €-445k | €27k | €81k | €78k | €-9k | ▼ 112% |
| Investment in fixed assets (approximation) | - | €0 | €-36k | €0 | €0 | - |
| Change in cash | - | €-20k | €-3k | €25k | €-25k | ▼ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Highest result since 2018net €66k ▲264%
Operating result €-3k, net result €66k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-453k
Net result drops to €-453k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 214 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1986
Ground area
3,604 m²
Building footprint
2,774 m²
Volume, LiDAR
71,494 m³
Parcel 11808H1178/00F008, Flanders · tallest building 45.0 m, ±8 floors. Linked by address, not a title deed.
207
companies at this address
See who is registered here
1 establishment unit
DENIM BVBA
since 19862.033.439.704
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1178/00F008 | Flanders | 3,604 m² | 1 · 2,774 m² | 45.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AREMCO
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1438 HERITAGE
BE 0790.985.213
Tongeren-Borgloon · Eq €4,054
Infinity Tree Group
BE 0777.788.857
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Diamonds Hunter
BE 0775.972.086
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Of 1,229 companies in sector 46861 we hold annual accounts for 678. 97 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-03-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
Scores and ratios are computed by Checked and are not a credit decision.